Penserra Capital Management LLC Has $484,000 Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Penserra Capital Management LLC lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 94.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,914 shares of the semiconductor manufacturer's stock after selling 82,405 shares during the period. Penserra Capital Management LLC's holdings in Skyworks Solutions were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SWKS. Sequoia Financial Advisors LLC boosted its position in shares of Skyworks Solutions by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,244 shares of the semiconductor manufacturer's stock worth $239,000 after purchasing an additional 87 shares during the period. AlphaMark Advisors LLC increased its holdings in Skyworks Solutions by 14.8% during the 2nd quarter. AlphaMark Advisors LLC now owns 777 shares of the semiconductor manufacturer's stock valued at $83,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Skyworks Solutions by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,776 shares of the semiconductor manufacturer's stock worth $1,468,000 after purchasing an additional 100 shares during the last quarter. Zega Financial LLC lifted its stake in Skyworks Solutions by 5.0% in the 2nd quarter. Zega Financial LLC now owns 2,100 shares of the semiconductor manufacturer's stock valued at $224,000 after buying an additional 100 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in Skyworks Solutions by 0.7% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 14,722 shares of the semiconductor manufacturer's stock valued at $1,569,000 after buying an additional 107 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 6.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carlos S. Bori sold 10,177 shares of the business's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares in the company, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by insiders.

Skyworks Solutions Price Performance

NASDAQ SWKS traded up $0.52 during trading on Thursday, reaching $86.80. 1,836,575 shares of the company traded hands, compared to its average volume of 2,810,753. Skyworks Solutions, Inc. has a 1-year low of $82.13 and a 1-year high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The stock's 50 day moving average price is $93.09 and its two-hundred day moving average price is $99.89. The company has a market cap of $13.88 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.90 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The business's revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, analysts anticipate that Skyworks Solutions, Inc. will post 4.45 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.23%. Skyworks Solutions's dividend payout ratio (DPR) is presently 75.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Mizuho cut their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an "outperform" rating for the company in a research report on Wednesday, November 13th. TD Cowen raised their price objective on Skyworks Solutions from $90.00 to $110.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. Benchmark reiterated a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, November 13th. Needham & Company LLC reissued a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Citigroup decreased their target price on shares of Skyworks Solutions from $83.00 to $72.00 and set a "sell" rating on the stock in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $101.00.

Skyworks Solutions Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.